Glossary entry

Italian term or phrase:

competenza

English translation:

timing [matching] of recognition

Added to glossary by Frances Leggett
Nov 25, 2009 11:40
14 yrs ago
18 viewers *
Italian term

competenza

Italian to English Bus/Financial Finance (general)
Per i conti “sopravvenienze passive” e “sopravvenienze attive” controllare la documentazione, la corretta contabilizzazione, l’inerenza e la competenza della rilevazione.

Per ogni ulteriore conto ritenuto di volta in volta significativo verificare gli importi, la documentazione, la corretta contabilizzazione, l’inerenza, la competenza del costo/ricavo.

Verificare gli importi, la documentazione, la corretta contabilizzazione, l’inerenza, la competenza delle Note di Credito.

Above are three examples where the word "competenza" is used. I am having trouble understanding the meaning in this context. I have had a good look at all entries in the KudoZ relating to this term, and I have an inkling that it could be "accruals", but as I'm not 100% sure I wanted to ask for confirmation and am happy to assign points! Can anyone help?
Proposed translations (English)
5 +1 timing [matching] of recognition
3 -1 Commisssion

Proposed translations

+1
19 mins
Selected

timing [matching] of recognition

While we are talking about accrual (as opposed to cash) accounting, the specific intent here is WHEN the item is recognised.

In the second paragraph, however, I would talk about matching...that is the "matching" of costs and revenues.
Note from asker:
So for the third would you say "the timing of Credit Notes" or something similar?
Peer comment(s):

agree James (Jim) Davis : With timing and matching
13 mins
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks. This made sense in all examples."
-1
19 mins

Commisssion

From the Hoepli:


5 spec al pl (= compenso) fee, commission, emolument, money
• competenza d’intermediazione procuration money; competenza di partecipazione participation fee; competenze bancarie bank commission (sing), bank charges

Commission is my try.

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Note added at 25 mins (2009-11-25 12:06:35 GMT)
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Bank commission/charges?
Peer comment(s):

disagree James (Jim) Davis : That is the wrong definition for this context.
14 mins
Something went wrong...
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